High-tech marine industry can beat low-priced rivals AN 'upgraded' Singapore marine industry increasingly focused on high-technology and niche shipbuilding will mean Singapore should be able to fend off increasing pressure from low-priced competitors, said the Minister of State for Education and Manpower yesterday.
Industry awaits details of changes to AIS scheme
IMC, MISC to operate bulk carrier pool
HK port operators forecast traffic growth
Air and Land Transport
KLM seen posting full-year loss though worst is over KLM is expected to swing to a full-year loss tomorrow, but analysts say it is past the post-Sept 11 worst and will be looking for news on the Dutch flag carrier's restructuring and how it plans to reap the fruits of economic recovery.
European airlines' passenger traffic falls
Korean Air's China flights to boost revenues
Qantas CEO denies plan to cut jobs
Bangkok's new airport to open for service in Q3 2005
High-tech marine industry can beat low-priced rivals AN 'upgraded' Singapore marine industry increasingly focused on high-technology and niche shipbuilding will mean Singapore should be able to fend off increasing pressure from low-priced competitors, said the Minister of State for Education and Manpower yesterday.
Industry awaits details of changes to AIS scheme
IMC, MISC to operate bulk carrier pool
HK port operators forecast traffic growth
Air and Land Transport
KLM seen posting full-year loss though worst is over KLM is expected to swing to a full-year loss tomorrow, but analysts say it is past the post-Sept 11 worst and will be looking for news on the Dutch flag carrier's restructuring and how it plans to reap the fruits of economic recovery.
European airlines' passenger traffic falls
Korean Air's China flights to boost revenues
Qantas CEO denies plan to cut jobs
Bangkok's new airport to open for service in Q3 2005
European March cargo traffic down March cargo traffic for European airlines dropped 9.5 per cent from the same period last year as capacity cuts following September 11 and changes to summer timetables took effect. 'AEA members' traffic in March was 7.9 per cent lower than in March 2001, although a number of factors combined to influence this figure.
US penalties shipping companies The Federal Maritime Commission announced ten compromise agreements recovering civil penalties in an aggregate amount of $764,500, with companies like Eurasia Freight Service and Hanjin Shipping.
Cargo portal United, Northwest and Air Canada United Airlines, Northwest Airlines, Air Canada and Unisys Corp. announced Cargo Portal Service, to be launched by the end of the year.
Cherie Blair runs transport seminar Cherie Blair, the prime minister's wife, has stepped into one of the UK government's most controversial policy areas by chairing a Downing Street "summit" on the future of transport.
Suspect of insider trading Railtrack Schroder Salomon Smith Barney, part of Citigroup, is to carry out an internal probe following reports that the Financial Services Authority is looking at a share trade as part of its inquiry into unusual trades in Railtrack shares in the UK.
Panalpina profit up 20.5 per cent Panalpina raised its gross profit by 7.7 per cent in 2001, to CHF 1,280 million.
PSA up 20 per cent The PSA Group continued to register growth from its port operations in Singapore and around the world. Global throughput surged 20.2 per cent for the first four months of 2002.
ABS launches guidance notes for floating LNG terminals ABS launches its "Guidance Notes for Building and Classing Offshore LNG Terminals" at this week's OTC event
Water-injected Wärtsiläs for products tankers Direct-water injection is part of the spec for the main diesels in a series of 14,000 dwt products/chemical tankers
Viken opts for electronically-controlled MAN B&W diesel A high-spec shuttle tanker will have an electronically controlled main engine
Chirac poll win boost for French tonnage tax PROSPECTS for the early introduction in France of a tonnage tax, defiscalisation of seafarers' salaries and new tax incentives in favour of ship investment looked brighter yesterday following the election of Jacques Chirac for a new mandate as French president.
Brokers remain cautious despite 20% surge in VLCC returns VERY large crude carrier returns have surged by more than 20% in just seven days, but brokers remain reluctant to sound the all clear, writes Carly Fields.
Zim and Maersk Sealand charter three former ADCL boxships MAERSK Sealand has chartered two of the former Abu Dhabi Container Lines ships now managed by V. Ships, with Zim Lines taking the third.
U.S., Canada set to OK border plan The joint security program would pre-clear low-risk shipments before they reach crossings.
High inventories threaten recovery High inventory levels at West Coast warehouses do not bode well for a strong recovery during the second half of this year, a financial analyst said.
FedEx appeals to Britain for special air cargo rights
Verslype devra apposer une seconde signature Après les événements tumultueux de la semaine passée et la démission à peine une semaine après sa nomination du nouveau CEO de la SNCB, Christian Heinzmann, le nouveau conseil d’administration des chemins de fer tenait sa première assemblée. Pas le moindre mot sur les raisons du départ de Heinzamann. Le président du conseil, Alain Deneef, a insisté lors d’une conférence de presse organisée à la hâte sur le fait que tous les dossiers en cours seront traités.
WWL reprendra-t-il la flotte car-carrier de Hyundai MM? Il y a quelque temps déjà Wallenius Wilhelmsen Lines (WWL) annonçait son intention de reprendre la flotte car-carrier que Hyunday Merchant Marine met en vente dans le but de générer les moyens financiers dont il a besoin pour consolider ses activités containers. L’offre porte sur 1,8 mia. de dollars US et sur quelque 70 car-carriers.
La métallurgie allemande est engagée dans un conflit qui pourrait avoir des conséquences pour Anvers Lundi dernier, le puissant syndicat métallurgique allemand IG Metall, qui compte 2,7 mio. d’adhérents, avait organisé une première journée de grève générale du secteur, ceci pour démontrer au patronat qu’il entend bien obtenir satisfaction dans le cadre des négociations salariales, qui durent depuis des semaines et ce sans résultat. Rappelons que le syndicat réclame une adaptation salariale de 6,5 à 7%, alors que le patronat n’entend pas aller au-delà de 3,3% sur une période de 15 mois, plus une prime unique de 190 euros. La dernière grève dans ce secteur date d’y il a sept ans et le mouvement fut rapidement solutionné. Cette fois-ci cependant, le contexte économique de l’Allemagne est quelque peu différent, en ce sens que l’économie est actuellement à la traîne.
Setaf-Saget envisage d’acheter des vraquiers de 55.000 Via sa filiale spécialisée Setaf-Saget, le Groupe Bourbon (siège à Paris) est très engagé en transport maritime de vracs secs. Cette activité bénéficie d’une croissance régulière. Au titre de l’exercice 2001 elle a franchi le cap des dix millions de tonnes de marchandises transportées. Cela, pour un chiffre d’affaires de 107,5 millions d’EUR, soit +10,8% par rapport à 2000. De surcroît, le résultat d’exploitation est passé à 6,3 millions d’EUR en 2001, soit +85,3% par rapport aux 3,4 millions d’EUR de l’année 2000. Face à de tels résultats, on comprend que Jacques de Chateauvieux, président du Groupe Bourbon souhaite accélérer en transport de vracs. Ce qui le conduit notamment à envisager l’achat de navires atteignant 55.000 tpl (tonnes de port en lourd).
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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